Optimism vs XRP
Optimism and XRP are two popular blockchains. In this article we'll compare them across a variety of metrics. Both blockchains have their own strengths and weaknesses, and we'll explore them below.
Table of Contents
Comparing Metrics
| Optimism | XRP | |
|---|---|---|
| Created by | Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho | Jed McCaleb, Arthur Britto and David Schwartz |
| Native token | OP | XRP |
| Consensus algorithm | PoS | RPCA |
| Hashing algorithm | KECCAK-256 | RPCA |
| Supports EVM | Yes | No |
| TPS | 4000 | 1500 |
| Block time (secs) | 2 | 10 |
| Layer | 2 | 1 |
| Supports smart contracts | Yes | No |
| Average transaction fee | $0.141 | $0.0002 |
| Staking rewards (APR) | 0% | 3.03% |
High-level Comparisons
Is Optimism faster than XRP?
Yes, Optimism can process 4000 transactions per second. XRP only processes up to 1500.
Is Optimism cheaper than XRP?
Yes, Optimism has an average transaction fee of $0.141, whereas XRP costs $0.0002.